City Developments Ltd (CDL) continues to ramp up its presence in the UK’s build-to-rent sector with the Singaporean property giant announcing this week that it has acquired a £88 million ($111 million) rental residential project in West London’s White City… Read More>>
Blackstone Sells Interest in CDL Singapore Project to BlackRock as Fund Ages Out
Blackstone has sold its interest in an upscale apartment complex in Singapore’s Sentosa Cove to BlackRock in a deal described by market analysts as a stressed sale of the financial rights.
Having invested S$367 million ($276 million) in a profit… Read More>>
CDL Warns of Substantial Drop in Annual Profit After Posting Record Numbers in 2022
City Developments Ltd (CDL) has warned investors about a “substantial” annual drop in its profit for full-year 2023 as the Singapore property heavyweight faces rising borrowing costs and slowing asset divestments.
CDL late Thursday issued a statement indicating that it… Read More>>
New World Buying Back $610M in Bonds as Stock Slides and More Asia Real Estate Headlines
Hong Kong’s New World Development leads Mingtiandi’s review of the real estate news today with the developer buying back bonds amid a stock slide. Also in the headlines, Singapore launches a pair of residential site tenders and Hong Kong’s central… Read More>>
CDL Sells Tokyo Luxury Site for $340M as Japan Focus Shifts to Multi-Family
City Developments Ltd has divested a high-end residential site in Tokyo for JPY 50 billion ($340 million), with the Singaporean developer saying it intends to focus on rental residences in Japan.
CDL said in a bourse filing last week that,… Read More>>
Singapore’s CDL Boosts UK Residential Portfolio with London, Manchester Projects
Singapore property giant City Developments Limited (CDL) has expanded its bets on UK residential with the acquisition of a condo-led mixed use project in London and a rental apartment project in Manchester.
A joint venture between CDL and UK developer… Read More>>
Singapore Adds Two Residential Sites to Land Sale Plan and More Asia Real Estate Headlines
Authorities in Singapore are ready to keep pouring more homes into the city-state’s housing market with two more sites added to the government land sale plan this week. Also in the news today, UBS predicts another 10 percent drop in… Read More>>
Developers Outbid Expectations in $1.7B Trio of Singapore Land Sales
Property heavyweights from Singapore, Hong Kong and China dominated the Lion City’s final land sale of 2023 with top bids for a trio of sites amounting to a combined S$2.3 billion ($1.7 billion), led by a stronger-than-expected offer from a… Read More>>
Singapore’s CDL Buys 25 Tokyo Apartment Buildings From BGO for $230M
City Developments Ltd (CDL) has acquired a portfolio of 25 Tokyo apartment buildings from North American fund manager BentallGreenOak for JPY 35 billion ($230 million), marking the largest purchase to date by the Singapore property heavyweight in Asia’s most mature… Read More>>
Evergrande Chairman Detained, Liquidation Looms and More Asia Real Estate Headlines
The mounting woes at China Evergrande, and their impact on China’s property sector, lead today’s collection of real estate headlines from around the region. Vietnam also makes the list with a crisis of its own, and statistics show Greater China… Read More>>
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